Andrii Glushchenko

Tightening trade defenses against Ukrainian steel would impose heavy economic consequences while delivering little benefit to the European market

Ukraine’s accession would be a growth opportunity for the EU

European steel market requires smarter policy, not just protectionism

Introduction of scrap exports restrictions becomes a new trend

Amid weakness of the economies of Turkey and the EU, the state of the market will increasingly depend on the actions of China

The creation of an emissions trading system requires the solution of many questions to which there are no unequivocal answers

CBAM was just the beginning of a new trend

In June, steel prices made back to pre-war levels

Ukraine has every chance to become a supplier of DRI products and carbon-free steel to the world market

There are currently no mature decarbonization technologies available for industrial use

Blockchain is an immature technology. However, it offers some interesting possibilities that even steelmakers can benefit from

M&A activity in the sector is historically low

The stronger the hryvnia gets, the higher losses Ukraine’s steel industry suffers

The market is looking for an equilibrium price

Complex metal conversion is not developed in Ukraine because of minor domestic consumption